CNBC’s “Squawk Field” crew discusses why China is cracking down on training tech and tutoring markets. For entry to stay and unique video from CNBC subscribe to CNBC PRO:
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Isn’t China innovating faster than you can imagine?
China is turning from production into engineering, innovation and technology sectors.
Many innovative Chinese companies don't need to look for international markets because there is so much room to grow in China.
China builds and installs more robots in their factories.
Demand for robots is being driven by the consumer electronics and car manufacturing industries.
Kindly remove shepard smith bs clip from every video.
There are a lot of Chinese students world over. Technically CCP may ban them from studying outside.
YQ goes from 12 to 1 on two months.
Due to these education center , more and more families are under a very high education cost, due to these centers more and more teachers are not teach well in school , because most students have already studied the knowledge outside. So the government want to release children and families burden. Besides these punishment to the centers outside school, the government also encourages all teachers should pay more attention to students in school , let young people to finish most homework in school instead of outside school. Also balance different levels of high schools in order to release the parents anxiety. Because now most families don’t want to have more babies because of high cost of education and enrollment pressure
Buy heavy for bounce, China will not shut this gravy train down
I would Never buy a Chinese company
China is just preparing for war.
That's what you get for investing in chinese stock
China is looking across the street and seeing that America is throwing a huge house party. SPACs, Crypto, Fintech, Margins, IPOs, Big Tech, stimulus. It's impossible to compete with that level of reckless behavior in the interest of profits. So instead of trying to compete by throwing an even bigger house party, China is going the opposite way. They are cleaning out the garage, patching the roof, doing the chores they put off. This way when the next hurricane hits, the US will be desperately trying to keep the carpet dry while China's relaxing in pajamas by the fireplace.
I am glad they are cracking down on for profit “ed-tech”. This is a problem across Korea, China, Japan, etc… since many teachers double up in both the school system and the for profits. This has resulted in teachers doing nothing during the day and telling the students to go to their for profit “tutoring” after school causing parents to shell out money just to get an education that the teachers should have taught in school. Good thing the Chinese govt doesn’t live for the shareholders, this was long overdue
We should do the same thing. Except with banning foreign investors from buying land and real estate in the US.
They take the money first, do the regulations later, this level of criminality is unprecedented.
Those people never know China, they just from foreign perspective to analyze the policy
No Chinese companies should be allowed to be on an exchange.
The CCP is hitting the tech and education companies because they want the monopoly over the Chinese people lives
I have a nice game dedicated to our "best friend", the Chinese Communeeest Party! It's called KICK THE…
I just want to say ,I also have TAL.US for almost 10k usd market value, and it dropped down 70% last night. But I still support the Gov decision on these education companies. Like me, I have one child, 12 years old, my son does not have enough playing time during weekend. He only has two hours of playing basketball . He has five lessons on weekend, and each take 2 hours. I have money to afford this, but I’m still very anxious everyday .I am worried what if my son can’t go to high school , what if he can’t go to colleague. This is very common in China , nearly every student don’t have enough time to play .This time the government set up a series rules of releasing our pressures, I’m very happy to see this. These rules do not only aim at these education companies, but also at teachers, enrollment, lower tax, social supporting fund, free online education, etc. Maybe western countries will say this hurt those investors, but I will say it save ordinary Chinese people and Chinese future. Capital has no feeling, no country barriers, it will go wherever it can earn money. Capitalists always have chance to earn money, but ordinary people don’t, the sole resource is salary.
Those jerks never really studied the policy and real reasons of crackdown. Those tech companies used the data to exploit people and caused inequality of education opportunity. China doesn’t want to become America where the extreme income gap exists
Unless the Chinese government abolish gaokao, the college entrance exams, which they won’t, any attempts to lessen the burden on those kids are futile and moot.
As long as Gaokao exists, Chinese parents will continue invest in tutoring and education of their kids. Any ban on profit when there is a market is just gonna push them underground, like the war on drugs, destined to fail.
China is going to win this tech/trade war.
China describes its socio-economic system as "socialism with Chinese characteristics" but the economy has largely become "capitalism with Chinese characteristics". Poverty reduction has been a particular priority for China over the last two decades, which has achieved results beyond any experience in world history. This latest public policy decision reflects a new social priority, the "characteristic" of addressing the growing inequality in family wealth resulting from Chinese capitalism.
By reducing school homework demands, increasing publicly funded tutoring supports, and banning privately paid tutoring in core subjects, students from wealthy families will not blatantly have an advantage over their lower-income peers to qualify for admittance to post-secondary education. Disappointment for foreign & domestic investors in the big Chinese private tutoring industry (capitalism). But fairness in achieving "equal education opportunities for all" (Chinese characteristics).
⚠️🇺🇸⚠️cnbc fox CNN wsj WP etc are all agents of CIA NSA.
Whether it's tech is besides the question, right? The real issue is the fundamentals on how China companies get to list in US. They go through an indirect "Shell" company route in order to circumvent listing requirements in China. In China's legal books, these ADRs are valueless.
education tech causes unequalized education
chinese here, my 6 year old daughter at one point had 9 different kinds of after school classes in a week, both online and off line. she had no time to play, no time to meet her friends. this is not about hurting american investors, this is about saving the kids and their desperate parents.
Lowing
two talking heads … who have no clue about China, education and the markets
Wow China stole investors money!
Hello everyone, my company is given out some money, 98% of your investment is guaranteed within 3 weeks you invest in us, it's gonna be in 4folds of what you invest on, Your investment is 100% secured.
This video just shows me how uninformed these two announcers are lol
Good approach by China. Freeing education from unnecessary money.
IF Chinese parents spent LESS TIME AND MONEY on tutoring, they will have MORE TIME AND MONEY to give birth to a second child or even third child.
The problem with Chinese parents today is that they spent so much time and money on the first child (TUTORING, HEALTH CARE, REAL ESTATE) THAT they have no more time and money left to give birth to a second child.
And so the Chinese government wants to reduce the burden of these parents by reducing the cost of education, healthcare, and housing so that today's Chinese parents will have more disposal income to give birth to a second or third child.
This video above goes to show that American Anglo Saxons people really CANNOT think deep and present good arguments. Their arguments are shallow and also touching on superficial irrelevant points. They DO NOT want to present to the American audience what the Chinese government is really trying to do, which is to give more equality to its citizens because not many people can afford to give their children tutoring.
The quality of the American media really needs to improve.
I think looking for key and targeting what China is targeting next in the market.